Brand new 12 year lease to 7-Eleven to 2031 plus options to 2051.
Guaranteed rental growth with annual fixed 3% rent increases.
7-Eleven is Australia’s #1 convenience retailer with over 700 stores and 38% market share.
Booming commercial precinct supported by Officeworks (next door), Coles, Woolworths, CBA, Petbarn, Snooze, McDonald’s, Ford, Hyundai, Nissan, Autobarn and major banks within 600 metres*.
City-bound site on key east-west arterial with over 31,000 vehicles passing daily**.
Within the established suburban municipality of Knox, 25km* from the Melbourne CBD with forecast population growth of 17% to 192,407 by 2041***.
Recently refurbished to 7-Eleven’s current corporate standard incorporating a 134 sqm* convenience retail store, attached canopy and on-site car spaces.
Landlord-favourable, Net lease terms, 7-Eleven pay all rates, building and public liability insurances*.
IMPORTANT: 7-Eleven owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
Rent: $249,414 pa
To be sold by Investment Portfolio Auction at Crown Casino from 12 noon AEDT on Wednesday 30 October.
14 other 7-Eleven freehold investments also available.
Contact sales team for more details.
*All areas and figures approx only. All boundaries are indicative only. Rents stated are commencing rentals as per the lease. Land tax is not payable by the tenant. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
For more details, please email agent